Positive first-quarter for Brazilian components

The Brazilian components sector, which encompasses chemicals, shoe upper and soles among other accessories, has registered a 6% increase in exports in the first-quarter of 2016.

According to Assintecal, the Brazilian Association of Companies of Components for Leather, Footwear and Manufactured Goods, Brazil has exported US$150.3 million worth of products between January and March 2016, representing a 6% increase year-on-year. Argentina, Germany, the U.S., China and Mexico were the main buying countries.

“The export activity is the way for our industry to be able to redress its trade balance to get around the instability of the domestic market. The international market has increasingly appreciated Brazilian products, and three factors have proven to be essential for this: the cost-benefit ratio, creativity, and customer service”, said Milton Killing, President, Assintecal.

In March, the sector’s exports amounted to US$57.8 million, representing a 2% growth compared with February 2016.